MIRA
INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
BRITISH STUDY ABROAD SERVICES LTD |
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Registered Office : |
TY Bldg 2F, 2-11-9 Kanda-Jimbocho Chiyodaku |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
Dec
1976 |
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Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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Line of Business : |
Study
abroad service agency |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
Yen 3.3 millions |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
BRITISH STUDY ABROAD SERVICES LTD
REGD NAME
Eikoku Ryugaku
Service KK
(“Eikoku” means
MAIN OFFICE
TY Bldg 2F, 2-11-9
Kanda-Jimbocho Chiyodaku
Tel:
03-3239-4001
Fax: 03-3239-4002
URL: http://www.bsas.co.jp
E-Mail
address: Tokyo@bsas.co.jp
ACTIVITIES
Study abroad
service agency
BRANCHES
Brighton
(UK) (Representative Office opened Jan 1986)
OFFICERS
HACHIRO
YAMAGUCHI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 180 M
PAYMENTS REGULAR CAPITAL Yen 30 M
TREND SLOW WORTH Yen
150 M
STARTED 1776 EMPLOYES 5
COMMENT
STUDY ABROAD SERVICE AGENCY.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 3.3 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by father of Hachiro
Yamaguchi in order to make most of his experience in travel business. This is a study abroad service agency
specializing in English language studies in
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2006 fiscal term amounted to Yen 180 million, a 14% down from Yen 210 million in the previous term. Due to competition and with decreasing number of clients the sales continue declining year on year. The net profit was posted at Yen 15 million, down from Yen 17 million a year ago.
For the current term ending Dec 2007 the net profit is projected at Yen 15 million, on a similar turnover, at Yen 180 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 3.3 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Dec 1976
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 240,000 shares
Issued: 60,000 shares
Sum: Yen 30 million
Major shareholders (%): Hachiro Yamaguchi & families (--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Study abroad agency, offering English language
studies arrangement in
(Schools)
The
Concorde
International (
Studio
The
The
The
Clients: [Business firms, travel agency, university Coops, individuals]
Kinki Nippon Tourist, Asahi Suntours Inc, Nippon Travel Agency,
No. of
accounts: 30
Domestic
areas of activities: Nationwide
Suppliers:
Travel agent, other
Payment
record: Regular
Location: Business area in
Bank References
MUFG
(Jimbocho)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/12/2007 |
31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual
Sales |
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180 |
180 |
210 |
270 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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15 |
15 |
17 |
22 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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150 |
135 |
118 |
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Capital,
Paid-Up |
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30 |
30 |
30 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
0.00 |
-14.29 |
-22.22 |
-10.00 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
8.33 |
8.33 |
8.10 |
8.15 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/12/2007 fiscal term.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)